ICPS
2019 International Convention of Psychological Science · 2019
Is Time Also like Money? Magnitude Dependent Loss Aversion for Prospective Affective Valuations
- Sumitava Mukherjee
Indian Institute of Technology Delhi (IIT Delhi) - Narayanan Srinivasan
University of Allahabad
Abstract
People judged prospective uncertain scenarios where one could either gain or lose time or money to ask if literally "time is money" in our mind. Participants showed no loss aversion for low and normal loss aversion for high magnitudes showing that loss aversion is magnitude dependent for both these resources.
Judgment and Decision Making
